I teach retail investors how to trade options.
Sometimes referred to as “DIY investing,” options trading enables you to manage your portfolio without the oversight of a financial advisor.
If you are interested in earning additional income, supplementing your current income, or gaining more financial freedom, learning to trade options offers a great opportunity.
Anyone can learn how to trade options, from teenagers to retirees, but that doesn't mean it's easy.
Should you learn options trading with David Jaffee?
I have spent years trading options and coaching others on how to do the same.
My background includes an Ivy League education and working as an investment banker on Wall Street.
Unlike many other options trading coaches or popular gurus in the industry, I share my trades on YouTube.
Through BestStockStrategy.com, my YouTube channel, and blog articles, I provide valuable information on how to trade options.
My online options trading course teaches you the best options trading strategies and provides step-by-step instructions for all experience levels.
Whether you are searching for the best options trading strategies for beginners or tips for experienced traders,
I can teach you everything related to options trading.
Can you be successful after learning options trading with BestStockStrategy?
If you invest time and money to learn something new, then you want to be successful.
Thankfully, I enable members to win up to 98% of their trades.
When you learn options trading with me, you will discover a strategy that enables you to increase your income, learn from a legitimate trading instructor and be consistently profitable in all stock market environments.
The course lessons are broken down into 12 sections, including text and video content, to convey options trading topics in terms that are easy to understand.
I am also highly responsive to members in the options trading course, answering emails quickly and succinctly.
Students in the BestStockStrategy options trading course target a return of about about 3% every month.
What can you expect when learning options trading with BestStockStrategy?
Too many options trading coaches today lure students in with outlandish promises yet provide very little substance in return.
Through my options trading course, I outline how selling option premium provides the best statistical odds of predictably making a profit.
My strategy is very similar to an insurance company.
I only make a few trades per week.
Some of my key trading principles are below.
1. Pick a watch list of stocks
It is important to narrow your field of vision when trading options.
I recommend creating a watch list of stocks and indices that are relatively recession-proof.
In the past, I have recommended Lockheed Martin, Raytheon, Amazon, McDonalds, SPY, JP Morgan, and META as securities to add to your watch list.
This short list of stocks covers multiple sectors, offering good diversification.
I then buy and sell puts and calls depending upon the market conditions so that we optimize the premium collected while mitigating risk.
You can follow my exact trades for additional insight.
Real-time trade alerts teach members how to win up to 98% of their trades and become profitable traders.
2. Ignore the temptation to focus on stocks outside your watch list
Oftentimes stocks make big moves. However, if those stocks are not on your watch list, then ignore them!
You do not want to sell puts and calls on securities that are not on your watch list.
By focusing on your watch list, you will become familiar with their trading ranges.
This practice helps you learn the nuances of trading and build your skills. Do not distract yourself with ancillary or competing information.
3. Wait for the stock to fall to the low end of its range
Patience is the name of the game when it comes to options trading. I do not teach my members to trade often.
Instead, I only make a few trades throughout the week. My strategy involves waiting for stocks to correct and then we sell puts and buy ratio spreads to capture upside potential.
I sells calls opportunistically if we're in a bear market or if the market is significantly overbought.
I will also buy put options to reduce portfolio volatility when the market is overbought.
I also recommend opportunistically selling option strangles if there is a good entry for both a put and call position.
Ready to become a successful options trader? Invest in yourself today with BestStockStrategy's online options trading course, and check out my YouTube channel for valuable free insights and information.
Frequently Asked Questions (FAQ) - Option Trading with David Jaffee
Can you be a millionaire with options trading?
Yes, you can be a millionaire with options trading but it requires a lot of patient and discipline.
Which strategy is best for option trading?
Selling out of the money put options on market leading stocks and indices, then taking ownership and running the wheel (while also selling additional puts) is the best strategy for option trading. This strategy enables you to participate in the capital appreciation of the underlying security. You can learn more here: Which Option Strategy is Most Profitable
What is option trading?
Option trading is a form of derivatives trading where a trader buys or sells put or call options on securities that they believe they'll profit from. Options trading contains expiration dates, strike prices, expected volatility and option premium.